Musical Instrument Strings Price in Kenya - 2021

Contents:

1. Musical Instrument Strings Price in Kenya (CIF) - 2022
2. Musical Instrument Strings Price in Kenya (FOB) - 2022
3. Musical Instrument Strings Imports in Kenya
4. Musical Instrument Strings Exports in Kenya

Musical Instrument Strings Price in Kenya (CIF) - 2022

In 2022, the average musical instrument strings import price amounted to $0.4 per unit, reducing by -10.2% against the previous year. In general, the import price continues to indicate a abrupt slump. The growth pace was the most rapid in 2021 an increase of 12%. The import price peaked at $1.1 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($4.1 per unit), while the price for Ethiopia ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+25.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Musical Instrument Strings Price in Kenya (FOB) - 2022

The average musical instrument strings export price stood at $0.8 per unit in 2022, dropping by -13% against the previous year. Overall, the export price continues to indicate a slight decrease. The growth pace was the most rapid in 2014 an increase of 144% against the previous year. Over the period under review, the average export prices reached the peak figure at $3.3 per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($1.3 per unit), while the average price for exports to Ethiopia totaled $0.1 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (-0.5%).

Musical Instrument Strings Imports in Kenya

In 2022, musical instrument strings imports into Kenya shrank significantly to 11K units, waning by -24.8% compared with the previous year. Overall, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 154%. Over the period under review, imports hit record highs at 15K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, musical instrument strings imports dropped remarkably to $4.7K in 2022. In general, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 185% against the previous year. Over the period under review, imports hit record highs at $7.4K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Musical Instrument Strings to Kenya in 2022:

1. China (7.0K units)
2. United Arab Emirates (0.9K units)
3. United States (0.8K units)
4. United Kingdom (0.8K units)
5. Ethiopia (0.6K units)
6. South Africa (0.2K units)
7. Tanzania (0.2K units)

Musical Instrument Strings Exports in Kenya

In 2022, exports of musical instrument stringses from Kenya soared to 4.5K units, with an increase of 84% compared with the previous year's figure. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 254% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, musical instrument strings exports skyrocketed to $3.5K in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 688% against the previous year. As a result, the exports attained the peak of $4.7K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Top Export Markets for Musical Instrument Strings from Kenya in 2022:

1. Tanzania (2.4K units)
2. Ethiopia (2.1K units)

Source: IndexBox Market Intelligence Platform